Market Size of Middle-East and Africa Refining Catalysts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Refining Catalysts Market Analysis
The Middle-East and Africa refining catalysts market is estimated to witness a significant growth, at an estimated CAGR of over 3%, over the forecast period. Accelerating demand for higher octane fuels and increasing investments in refineries are expected to drive the market during the forecast period.
- Volatility in precious metal prices are likely to hinder the market's growth.
- By ingredient, the zeolites segment accounted for the largest market share and is expected to grow during the forecast period owing to the fact that it is used in almost all types of refining units with major consumption in fluidized catalytic cracking units.
- Shifting focus toward nanocatalysts is likely to create opportunities to the market growth in the coming years.
